Debt

Debt
Economists: US Debt Levels Not ‘Catastrophic’
February 18, 2019

Although the nation’s debt is on the rise, some economists are saying the unexpected: the U.S. shouldn’t be that concerned about it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Debt
More Americans Inch Toward Maxing Out Cards
January 24, 2019

Taking it to the limit, indeed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...

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Pawn Shops, Payday Lenders Benefit From Gov’t Shutdown
January 21, 2019

The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders. The Financial Times reported that pawnshop chains and payday lenders are seeing a huge jump in their business thanks...

Debt
Student Loan Debt Hits $1.465 Trillion, Sets New Record
December 20, 2018

Student loan debt in the U.S. has set a new record, hitting $1.465 trillion in November, according to a new analysis by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Oct. Consumer Credit Logs Fastest Gains In 11 Months
December 07, 2018

The willingness to take on debt and open wallets, at least here, remains unabated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

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Gradifi CEO On Disrupting Student Loan Debt Disruption
December 07, 2018

Student loan debt is among the heaviest financial burdens to shoulder.  Gradifi CEO David Chang tells PYMNTS that student loan repayments and refinancing - offered as an employee benefit, done automatically and with a range of options -- can help cement the bond between young...

Debt
LendingTree: US Consumer Debt Approaching $4T  
November 30, 2018

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will swell by about 5 percent through the end of the year to more than $1 trillion. Get the Full Story...

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Capital One, Discover Tighten Credit Limits As Debt Peaks
October 29, 2018

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. Get the Full Story Complete the form to unlock this article and...

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Will Risky Supplier Financing Light The $1.3T Debt Bomb’s Fuse?
October 12, 2018

Stock markets around the globe seem to be in freefall. Interest rates are marching higher. Sears, at least at the time this article, is prepping for bankruptcy. Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. Get...